
Cheap 1 Bedroom Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $1,500 (26 Rentals)


Bancroft On The Grid

Total Monthly Price
The 6Hundred

60 Franklin St

50 Franklin St

Park Plaza on the Grid
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

82 Franklin St

50 Franklin St

507 Main St

50 Franklin St

Portside on the Grid

50 Franklin St
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

Portland on the Grid

36 Cedar St

517 Main St

507 Main St

26 Portland St

Total Monthly Price
24 Lee St, Unit 1
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Residences on Lincoln Square, A 55+ Community

The Cedar House

18 Lancaster St

The Central Building Residences

Merrick at the Square

Sudbury Street Lofts
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Torrey Factory Lofts

36 Cedar St, Unit 1
Institute Park, Worcester, MA Local Guide

How much does it cost to rent an apartment in Institute Park?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Institute Park Studio Apartments | $1,573 | $1,200 | $2,294 |
Institute Park 1 Bedroom Apartments | $1,954 | $1,500 | $2,861 |
| Institute Park 2 Bedroom Apartments | $2,596 | $1,750 | $4,800 |
| Institute Park 3 Bedroom Apartments | $2,427 | $1,742 | $3,779 |
| Institute Park 4 Bedroom Apartments | $2,000 | $1,700 | $2,200 |
Explore Worcester
Frequently Asked Questions about Cheap Institute Park Apartments
What is a cheap apartment in Institute Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Institute Park is under $1,893.
What is the price of a cheap apartment in Institute Park?
The cheapest apartment in Institute Park is The Central Building Residences which is listed at $1,292, while the average apartment in Institute Park costs $2,262.
What types of apartments are the cheapest in Institute Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Institute Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Institute Park?
Cheap apartments in Institute Park have an average cost of $507 which is $1,755 cheaper than the average rent for all rentals in Institute Park.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Local Secrets: Finding the Top Affordable Neighborhoods for Renting in Worcester
Written by: Kevin Wesley
Worcester is a vibrant, culturally rich and diverse city at the heart of central Massachusetts.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.